Skip to main content
  • English
    Discover SWIFT
  • Español
    Descubra nuestros contenidos en español
  • Français
    Découvrez notre contenu disponible en français
  • 中文
    了解我们提供的中文内容
  • 日本語
    日本で入手可能なコンテンツをお探しください
This content is not available in the selected language

Closed User Group (CUG)

A subset of customers that have been grouped to use certain Swift services and products in a defined context (typically, the participation of customers in a market infrastructure, a Member-Administered Closed User Group, or a solution). Either Swift or a service administrator defines the eligibility criteria and participation in the Closed User Group.

Market Infrastructure Closed User Group (MI-CUG)

A Closed User Group implemented in support of a service managed by a market infrastructure (MI).

Member-Administered Closed User Group (MA-CUG)

Member-Administered Closed User Group. A Swift-operated, member-managed service that uses messaging service. The Member-Administered Closed User Group is designed to enable users that participate in the Closed User Group to exchange Swift messages bilaterally with the service administrator, or with the administrator-related participant.

Related links
Subscribe to MA-CUG service (www.swift.com)
MA-CUG Service Description

Banks see “clear potential and value” in Swift’s experimental CBDC connector after sandbox collaboration

News
Swift innovation enables CBDCs to move seamlessly on existing financial infrastructure and efficiently scale for international transactions across more than 200 countries 18 central and commercial banks encourage continued development after nearly 5,000 CBDC-to-CBDC and CBDC-to-fiat simulations over 12-week period Swift will build beta version for further testing and explore additional use cases in securities settlement and trade finance

Swift GPI reaches $40 trillion milestone at two year anniversary

News
Swift today announces a major milestone in the take-up of gpi with more than $40trn transferred over the service in 2018

Cass report identifies challenges and opportunities for Dubai as an International Financial Centre

News
Dubai, 17 September 2013

A quantum leap into the future of payments

News
Payments are evolving fast — and in 50 years the experience could be vastly different to that of today. Three payments experts look to the future.

ISO 20022 in bytes for payments: A look ahead at 2023’s important milestones

News
After years of intense preparation by the global financial community, the successful migration to ISO 20022 for cross-border payments and reporting (CBPR+) started on 20 March. Since then, we see a daily average of more than 500,000 CBPR+ messages exchanged, representing around 15 percent of the total cross-border payments traffic on the Swift network, and with a negative acknowledgement (NACK) ratio comparable to the FIN one. CBPR+ exchanges involve 1,000+ BICs on the sending side and…

Swift CEO Gottfried Leibbrandt speaks at European Commission High Level Conference on Cyber-Security

News
Speech by Gottfried Leibbrandt at the High Level Conference on EU Cyber Security Strategy - Brussels, 28 February 2014

Swift Compatible Applications Finder

Page

The impact of instant: Why the EU's regulation is a big deal for small businesses

News
What impact will the European Commission’s Instant Payment Regulation have on SMEs trading across Europe? To find out, we spoke to over 2,000 across France, Germany, Italy, and Spain. Here’s what they said.

African banks to become more competitive with Swift GPI

News
The new standard for cross-border payments dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking.

Swift broadens, deepens its financial crime compliance services portfolio

News
Utility services help banks address regulatory change and evolving needs throughout the correspondent banking relationship lifecycle.
Loading...